What Made Stifel Nicolaus Downgrade RealReal’s Stock?

In a report released today, Scott Devitt from Stifel Nicolaus downgraded RealReal (REAL) to Hold, with a price target of $22.00. The company’s shares closed last Friday at $24.50.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 34.5% and a 71.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class A, and Lufax Holding.

RealReal has an analyst consensus of Moderate Buy, with a price target consensus of $21.33.

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RealReal’s market cap is currently $2.08B and has a P/E ratio of -16.70. The company has a Price to Book ratio of 7.90.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of REAL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The RealReal, Inc. is an online luxury consignment site, which engages in the consignment of luxury goods across multiple categories, including women’s, men’s, kids’, jewelry, and watches, and home and art. The firm sells pieces from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes, Louis Vuitton, Prada, Rolex, Tiffany & Co., and Valentino. The company was founded by Julie Wainwright and Marcy Carmack in March 2011 and is headquartered in San Francisco, CA.

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